STANDARDBRED BREEDERS OF ONTARIO ASSOCIATION
The SBOA Mentor’s Program began in 2005 and has seen much success. Here are some 2017 facts:
- Mentor is Tammy McNiven and the trainer Blake Macintosh.
- Each share (10 in total) will sell for $4,500 raising $45,000.
- The SBOA will provide a $15,000 foregivable loan for a total $60,000 pooled.
- The stable will own 1/3 of three Ontario sired yearlings.
- The pooled funds will be sufficient to cover the cost of training and stake payments for the horses for the first year.
- Horses will be sold after their 4 year old year at the latest.
- Drone videos of the yearlings will be done approximately every 3 weeks
Find Out About The Horses By clicking here.
How To Get Involved:
If you are interested in an application for the New Owner’s Mentoring Group, you can download an application by clicking here. For more information contact SBOA Director Tammy McNiven by phone at 519-318-8882 or email firstname.lastname@example.org
Past mentors and program information is available in the following chart.
|YEAR||MENTOR||TRAINER||STABLE NAME||HORSE’S NAME||EARNINGS||PROGRAM STATUS|
|2005||Scott Arsenault||Scott McEneny||Ten To Win Stable||Lemon Drop||$164,559||Completed|
|2005||Gary Foerster||Bob Young||In It To Win Stable||Tryst Seelster||$27,737||Completed|
|2006||Ray Bednarz||Ben Wallace||Good To Go Stable||Cant Quit Smiling||$49,244||Completed|
|2006||Mike Hamilton||Rene Laarman||Count Ten Stable||Justa Minx||$42,934||Completed|
|Mark Steacy||Mark Ten Stable||Allmar Surprise||$531,518||Completed|
|2007||Glen Smith||Jason Libby/
|Avaia’s Dreamers||Keson’s Avaia||$100,206||Completed|
|2008||Rick Kostoff||Casie Coleman||Ten Most Wanted Stable||MG Homerun||$142,183||Completed|
|2008||Tom Broadhurst||John Kopas||Grin For Money Stable||Grin For Money||$406,662||Completed|
|2009||Rich Thompson||Darren McCall||Machthreeoverdrive||$0||Completed|
|2010||Dan Clark||Mike Keeling||Caveator Stable||Our Mojo||$96,105||Racing|
|2011||Brian Webster||Tony O’Sullivan||Dream Team Stable||Bad Boy Matt||$28,445||Racing|
A limited partnership will be formed for each group and funded as follows:
a) There will be 10 “A” partners comprised of the Mentor and 9 New Owners, each investing $4,500, including the Mentor. One “B” partner, being the SBOA, will contributea$15,000 “forgivable loan” to the Partnership.
b) The Partnership will be assigned a pre-screened Trainer by the SBOA.
c) The Partnership will acquire intrests in a number of yearlings at the fall sale. The Yearling will be an Ontario Sires Stakes (OSS) eligible horse sold at public auction in Ontario. As a result, with initial funding of $60,000, the Partnership should have funds for the training costs, staking etc. for the first year of ownership.
d) The SBOA has prepared a formal detailed Partnership Agreement to govern the affairs of each partnership which specifically includes provisions that only the “A” partners vote on the business affairs of the Partnership and a simple majority rules. Monies earned will go first to the “A” partners to recoup their initial investments and then to the “B” partner (the SBOA) to repay the forgivable loan.
As soon as the SBOA forgivable loan is repaid (after all “A” partners have recovered their initial investment), the SBOA relinquishes all ownership in the Partnership. Each partnership also provides that while the partners can decide by vote to sell their horse at any time, the horse must be sold at the end of the four-year-old season to ensure liquidity for the partners.
e) The Mentor will arrange regular meetings with the Trainer and provide the financial management of the Partnership, as well as written progress reports to the partners.